During the great depression president hover did little to nothing to offer relief to the American society. By the time that Hoover had accepted the problem and took actions to solve the economic situation he had done to little too late and as a consequence his responses were seen to as further inimical to America’s ongoing situation. What remedial measures he did take were seen as unhelpful as they solely worked to revive the long-term economy of America rather than focusing on short term recovery of those hit hardest by the depression. As a self-made man hoover believed in the ideology of rugged individualism and that the American people would pull themselves out of the current economic state. At the start of the depression Hoover choose to ignore the genuineness of claims that suggested wide spread poverty.
These programs worked to keep people on their feet until America pulled out of the deep recession. The New Deal was not liberal because it was not even what ended the Great Depression. What actually ended the Great Depression was when World War II began trickling over into American affairs. The spending that came along with the war and the demand for new industries greatly improved the economy along with the actions taken to finance these investments. There are always critics to any program or plan that the government creates and the New Deal was no exception; FDR had the good intentions of America in mind.
Comparing Presidents of the United States of America Because of their positions in the government and their resulting influential abilities, presidents are either praised for advancing the nation, criticized for not doing anything to help the country, or even making the country’s situation worse. Their success as president is dependent on the success of the country. People don’t take into consideration the attempts presidents make, but only those things that help or hurt the country. This leaves room for there to be a good president who may not accomplish much and a bad president who may accomplish a lot. President Herbert Hoover took office shortly before the Great Depression began, in a time in which the country was doing well.
“President Hoover was deeply concerned about the suffering. However, Hoover did not believe that government should become directly involved in helping end the business crisis. He feared that government might become too powerful. It was up to the businesses, he felt, to end the downslide.” (Davidson 750) Throughout his time as president, President Hoover had many thoughts on and about the economy. One thing he was very adamant about was that the government should not have too much power in fixing the economy.
Second, the author also displays the thought of both sides during the construction of the New Deal and the whether the government should interfere with private policies: “The New Deal did not mark a break with capitalism; on the contrary, Roosevelt always believed that he was acting to save private property. He was at times surprised by how much anger his polices aroused.” The liberals, in their minds were doing the better for their country and contrast that with the more conservative businessmen: “No federal law or constitutional amendment will abolish child labor unless the parents in the community are convinced that child labor should not exist.” This is an example of the two different mind sets of governmental interference. The liberals believed that having the ability to direct the economy would be beneficial as the conservatives believed that the sentiment of the community should drive political thought. Does the book represent new or traditional interpretation on the economic/historical era under consideration? First, the book “invisible hands” in a new interpretation of the era.
The United States' 1932 Election Many historians believe that the 1932 election was a popularity competition, with the prize being the chief of the white house. This is because they thought that Hoover's inability to revive the depressed economy, and his lack of a personality that reaches out to the average American, provided Roosevelt (who was very popular) with a path to victory. I shall discuss this view, with points in favour and points that argue Roosevelt had an appealing policy and opinions that ensured his triumph which did not rely on Hoover's incompetence and lack of charm. Beginning with the points in favour, it becomes easy to understand the principle behind the aforementioned statement. According to the historian Roger Smalley, Hoover's election campaign was based on his criticism of other parties.
His New Deal programs caused a tranquil peace of mind among many Americans, considering the programs were designed to progress America’s situation after the Depression. However, several Americans opposed Roosevelt, and objected his New Deal laws. This group of Americans believed that the government was doing too much, and was taking away their personal freedom. Others believed that the government was not doing enough, and should have played an even greater role within the American society. Roosevelt’s New Deal not only brought prosperity to America after the Great Depression, but it also brought division among Americans.
Though his administration say that wage/price control would be ineffective at controlling inflation, they went ahead and implemented them with the goal of “gently tighten monetary and fiscal policy, which they thought would bring down inflation without a big increase in unemployment” (Hebert, 1984, 4). This proved to be detrimental anyway because wile people expected prices to stabilize, they failed to realize that this meant that the prices they charged would stop rising as well. Ronald Reagan took a huge leap of faith when his administration introduced supply-side economics. Although it didn’t work in the way that he wanted it to, it helped greatly to boost the economy. However, had it been a horrible flop, His administration would have been highly chastised for it.
Although the Democrats say they wanna help the lower class men, they really aren’t, hiring taxes and causing inflations does not help. The Democratic Party are all for raising certain taxes to provide money for a lot of government spending, which according to them will generate business. Creating new and higher taxes will not create jobs. Needless to say, we can already see what a great job Obama is doing at fixing the government right? No.
In conclusion, President Hoover downplayed the stock market crash and did not believe in government assistance during the Great Depression. Also he believed the American people could pull the nation out of this depression with hard work and self- reliance. When the depression continued to worsen he interfered with business and approved a destructive tariff. Though Hoover had good intentions when he created the Reconstruction Finance Corporation, it did little to improve or damage the nation’s economy. The Bonus Army situation added to the people’s disdain for President Hoover.